Pacer International 2Q profit more than triples

Pacer International announced Tuesday, Aug. 1, that its second-quarter profit more than tripled against a year-ago quarter weighed down by charges. Second-quarter revenue rose to $458.2 million from $454.6 million during the same period a year ago.

Net income in the second quarter grew to $14.5 million, up from $4.6 million during the same period a year ago. Not including write-off costs and associated taxes from a year ago, profit grew by 28 percent from $11.3 million.

“The second quarter of 2006 was a strong quarter for Pacer, with both operating segments showing improvement in operating income over last year,” said Don Orris, chairman and chief executive officer of Concord, Calif.-based Pacer.